Most folks don’t realize this: US regions with oil-and-gas development have some of the lowest unemployment in the country–states with resource extraction such as Texas, Montana, Oklahoma, and Wyoming all have unemployment rates below the national average and North Dakota has the lowest in the country at 3.9%. In New Mexico for example where the state shares the rich Permian Basin with Texas. There, they tell me: “Anyone who can pass a drug test can get a job.”
Due to the increasing domestic resource development, President Obama’s stated 2010 goal of doubling exports by 2015 has already been met–though not through his initiatives. And he can thank oil and gas for being instrumental in reaching that goal. You are welcome Mr. President.